Texalta to Commence Drilling December 1, 2010

Texalta Petroleum Ltd. ("Texalta" or the "Company") (TSX VENTURE:TEX.A) is
pleased to announce that a drilling rig will move to the company's West
Queensdale location on Wednesday December 1, 2010. Texalta's planned November
development drilling in Saskatchewan was set back due to regulatory backlog,
which resulted in delays for issuance of well licenses. This well should take
about 8 days to drill to depth.


Upon completion of the West Queensdale well, plans call for the same rig to move
to Wordsworth location and commence the drilling of the next horizontal
development well knows as the Texalta et al Wordsworth E. HZ3D3-23-3A13-14-7-3
W2.


A wildcat test well located at Joarcam, Alberta, will be drilled to a depth of
1725 meters (5660 ft). and be completed before the end of the calendar year.
This is a 100% farmout well whereby Texalta will receive a 5% overriding royalty
until payout and a 24% working interest after payout of the test well.


In Australia, the 350 km 2D seismic survey has been completed and the data is
being processed in Calgary.


TEX.A is a Calgary based company engaged in the exploration, acquisition and
development of prospective oil & gas properties in Saskatchewan and Alberta,
Canada. The company's wholly owned subsidiary, Texalta Australia Pty. Ltd. holds
a 50 percent working interest in two exploration permits covering in excess of
5.5 million acres of prospective land in the Georgina Basin, Northern Territory,
Australia.

Texalta Petroleum Ltd. (TSXV:TEX.A)
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